President Obama: It isn't what you say, it's all about what you and your Sorry Socialist Society are doing... - Granite Grok

President Obama: It isn’t what you say, it’s all about what you and your Sorry Socialist Society are doing…

Think I’m kidding?  Back in February, he was quoted as saying:

“You would be hard-pressed to identify a piece of legislation that we have proposed out there that, net, is not good for businesses,”…

…“We are pro-growth,” Obama said. “We are fierce advocates for a thriving, dynamic free market.”

Yeah, given the absolutely anemic economy, President "Never-worked-in-the-Private-Sector" Obama has certainly provided absolutely stellar (stellar, I tell you!) leadership.  Frankly, it is HIS policies, just like the FDR’s 70 years ago, that have locked things up into "stalled mode". Here’s a reaction to those words said a mere 6 months ago that can be summed up in a single word: uncertainty

…Mr. Loeb’s views, irrespective of their validity, point to a bigger problem for the economy: If business leaders have a such a distrust of government, they won’t invest in the country. And perception is becoming reality.

Just last week, Paul S. Otellini, chief executive of Intel, said at a dinner at the Aspen Forum of the Technology Policy Institute that “the next big thing will not be invented here. Jobs will not be created here.”

Mr. Otellini has overseen two big acquisitions in the last two weeks — the $7.7 billion takeover of the security software maker McAfee and the $1.4 billion deal for the wireless chip unit of Infineon Technologies. If he is true to his word, those deals will most likely lead to job cuts in the United States, not job creation.

…But it seems clear that he wrote the letter because so much of his fund’s investments were being driven by the impact of politics. It appears he is no longer betting that a chief executive will make his numbers; he’s betting on what legislation Congress will pass next… 

…“So long as our leaders tell us that we must trust them to regulate and redistribute our way back to prosperity, we will not break out of this economic quagmire,” Mr. Loeb wrote.

“Perhaps our leaders will awaken to the fact that free market capitalism is the best system to allocate resources and create innovation, growth and jobs,” he continued. “Perhaps too, a cloven-hoofed, bristly haired mammal will become airborne and the rosette-like marking of a certain breed of ferocious feline will become altered. In other words, we are not holding our breath.”  

Indeed.  Whether by stupidity or by brilliance, Obama’s policies of more and more regulation and more and more taxation and more and more intrustion into the private sector has the result of more and more people and companies getting ready to head West – this time, across the Pacific instead of merely to the Pacific.

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